Enter your e-mail address below
to reset your password.
Please activate your registration
by clicking the link in the activation email
or click submit to resend the activation email.
Please check your spam folder too...
Check your mailbox to activate your registration.
Please check your spam folder too.
Ratings agency Standard & Poor’s has affirmed its sovereign credit rating on Albania at "B+", with a stable outlook, the country’s Finance Ministry said on Monday as cited by news portal SeeNews.
The estimate is based on S&P’s expectation for a sustained medium-term economic growth, continued budget deficit control and public debt reduction, the ministry said in a press release, citing data from the rating agency.
The agency expects a temporary increase in the budget deficit to 2.2% of gross domestic product (GDP) this year, up from 1.9% estimated in 2019, as the government will work intensively on post-earthquake reconstruction, as well as continue to clear arrears, the ministry noted, SeeNews said.